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Challenging the Appraised Value of Your Property for Real Estate Taxation

By Gene R. Abercrombie, Esq. Ohio property owners have the right to challenge the value assigned to their real estate for real property tax purposes. County auditors conduct full reappraisals every six years and triennial updates in between. Lucas County completed its most recent revaluation to reflect market conditions as of January 1, 2024 (with […]

New Real Estate Rules for Cash Transactions Are Aimed at Money Laundering

New federal rules requiring increased reporting for certain all-cash real estate transactions are designed to crack down on money laundering and boost transparency in the market, meaning buyers and sellers working through entities like LLCs or trusts should be prepared for added documentation and closer scrutiny in Toledo closings.

FinCEN Residential Real Estate Transfer Reporting Rule: New Federal Requirements Effective March 1, 2026

By Gene R. Abercrombie, Esq. In August 2024, the Financial Crimes Enforcement Network (“FinCEN”) issued a final rule designed to increase transparency in U.S. residential real estate transactions as part of broader anti-money laundering efforts. The rule became effective December 1, 2025. However, the reporting requirements, and associated penalties, apply to transfers occurring on or […]

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